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they want to raise revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides reach an agreement by the end of this year, the automatic tax increases and spending cuts will take effect in the new year. >>> time to get a check on the markets now. the nikkei here in tokyo rose above the key 9,500 level as concerns about the u.s. economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. takin
they want to raise revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides reach an agreement by the end of this year, the automatic tax increases and spending cuts will take effect in the new year. >>> time to get a check on the markets now. the nikkei here in tokyo...
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Dec 5, 2012
12/12
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we can get a tax rebate up to about 3,000 u.s. dollars. >> we'll buy on eco car because it saves energy and not so expensive and covered by the tax rebate program. >> reporter: japanese auto makers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they're betting economic growth and prosperity will continue to rise aas the group moves towards creating an economy culminating in 2015. >> translator: southeast asia's auto industry should enjoy 7 to 8% growth, similar to china over the next four or five years. compared to other countries in the region, thailand is the leader in auto production and has the soundest supply chain. >> reporter: thailand's auto industry has on the goal of producing 3 million cars a year within the next five years even after the floods of 2011, the country remains in the driving seat of the fast-growing auto market. >>> a powerful typhoon struck the philippines. at least 37 people are dead. more than 50,000 have fled into shelters. typhoon is heading northwes
we can get a tax rebate up to about 3,000 u.s. dollars. >> we'll buy on eco car because it saves energy and not so expensive and covered by the tax rebate program. >> reporter: japanese auto makers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they're betting economic growth and prosperity will continue to rise aas the group moves towards creating an economy culminating in 2015. >> translator: southeast asia's auto industry...
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Dec 4, 2012
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you can rest assured that they're going to be tax increases, tax-rate increases for the top 2%. you're probably going to see more in the form of health care entitlement cuts. >> ifill: you're thinking, however, that whatever compromise they come up with will be some distance from what you proposed more than a year ago? >> tualy, it wasore than a year ago. it was more than two years ago. times change. elections happen. there are consequences to those elections. yes, i think you'll see a different product come out. but i think the key is you're going to see a balanced approach with both revenue and spending cuts. you're going to see at least $4 trillion because that is the minimum amount you have to reduce the deficit in order to stabilize the debt and get it on a downward path as a percent of g.d.p. >> ifill: you said a moment ago that this is theater. these are both like opening bids that either side is goingo reject. how do we get past that? how do they get past that if, in fact, the catastrophe everyone is warning about is to be avoided. >> if they got to agreement the way was
you can rest assured that they're going to be tax increases, tax-rate increases for the top 2%. you're probably going to see more in the form of health care entitlement cuts. >> ifill: you're thinking, however, that whatever compromise they come up with will be some distance from what you proposed more than a year ago? >> tualy, it wasore than a year ago. it was more than two years ago. times change. elections happen. there are consequences to those elections. yes, i think you'll...
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Dec 7, 2012
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pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare. >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close r directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here
pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare. >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top...
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the lens that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us personally each player such as think it should be fair across the board move people should pay proportionately. to. working with you know getting from it really. feels like it's all going to the fact that for the. communities it's just so as you can see you know a lot of people just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise through prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it. italian prime minister mario monti who has a non-elected cabinet of technocrats stated that he plan
the lens that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us personally each player such as think it should be fair across the board move people should pay proportionately. to. working with you know getting from it really. feels like it's all going to the fact that for the....
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sales tax. it is spurring growth and putting people to work there. wayne would it work here? >> it is a sad day to think that we have to do something the communist china is doing . it worked very well and they have expand today to other provinces in china and it is working very, very well. yes. >> national sales tax does that work here, johnathon? >> it would. it is it fair and treats everyonely and easy to understand and more importantly taxes consumption and not production. the only thing i like about communist china is the chicken but the corporate next tax must go and think of how much more wealth and jobs we would have if it add more to the profits every year. >> julian, what do you make of >> the reason a national sales tax is good it is hardero cheat on and the reason it is it bad. econy growing at 2.4 percent. it would not stimute the commempt i like the bus tax cutos the top two percent than the valuattedad tax. all of the economic data said if you let them expire you will have no impac
sales tax. it is spurring growth and putting people to work there. wayne would it work here? >> it is a sad day to think that we have to do something the communist china is doing . it worked very well and they have expand today to other provinces in china and it is working very, very well. yes. >> national sales tax does that work here, johnathon? >> it would. it is it fair and treats everyonely and easy to understand and more importantly taxes consumption and not production....
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that includes a 3.8% tax for obamacare. taxes go on and on. so what are advisors telling their clients? the answer is maybe not so much. rick adelman joins me now. this is a letter you wrote your clients. when i thought was interesting about it is that you don't get a ton of direct advice here. at the end of the day co you don't know what's going to happen. >> that's right, i'm an advisor who can devise because we don't know what the devices would be yet. we have a month before thend of the year. we knew it was going to happen as of january 1, we would be able to say definitively let's capture capital gains and save ourselves money. order, it's definitely not necessary. for the moment, we are saying that we are preparing. we are examining every client accounts so that we are ready to make a move if needed. let's not pull the trigger to set. gerri: one of the things people are concerned about, dividends and dividend paying stocks. wifi on? by southern? what you me of that debate? that is obamacare and that is e law and it is not expiring. >> th
that includes a 3.8% tax for obamacare. taxes go on and on. so what are advisors telling their clients? the answer is maybe not so much. rick adelman joins me now. this is a letter you wrote your clients. when i thought was interesting about it is that you don't get a ton of direct advice here. at the end of the day co you don't know what's going to happen. >> that's right, i'm an advisor who can devise because we don't know what the devices would be yet. we have a month before thend of...
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they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the pick is kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any pockets of undemocratic nepotistic rule which is untouched by the german government so lord glasman morris glassman has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we are right now and people living in london are actually living in the city of london you call the city of long. some corporation and undemocratic pocket within london as a whole other any of the borrowers in the u.k. that are this similar type of exception to the gene
they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the pick is kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the...
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then be put into a longer term saving account for russia if you like now putin has also mentioned the tax is going to come into play for the gas and oil sector as well which is kind of spook them a little bit see saying these energy sector is all significantly under attack so they've got some added tax increases to look forward say well let me go through these these features that you mentioned like one by one so yeah she will be borrowing again then kerry to you hasn't done so the past couple of years exactly if we go back to twenty eleven they didn't have to dimitri at the time the coffers were full and it was full of oil money. at the time the. the finance minister alexei courage and who is no more any more he set up this cushion fund as you say it was a contingency plan for a rainy day and at the time people were saying well haitian is spent on infrastructure improving russia the future of it and well actually it seemed to work because he loved for the mistakes that were made in one nine hundred ninety eight when we had a catastrophic disaster in terms of the economy we had all opines
then be put into a longer term saving account for russia if you like now putin has also mentioned the tax is going to come into play for the gas and oil sector as well which is kind of spook them a little bit see saying these energy sector is all significantly under attack so they've got some added tax increases to look forward say well let me go through these these features that you mentioned like one by one so yeah she will be borrowing again then kerry to you hasn't done so the past couple...
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two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in deliberative manner liening to you constituents. that is the key.
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what...
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Dec 10, 2012
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tax for years. a liberal democratic party government introduced the tax in 1989 of 3%. low compared to other developed countries. still then as now voters cried out. the liberal democratic government raised the sales tax to 5% in 1997. and it went down to defeat in the upper house election the following year. no surprise that successive prime ministers avoid any talk of increasing the tax. but they couldn't avoid the increasing cost of social security. japan spent more than $1.2 trillion on it in fiscal 2010, up 3.6%. but revenue from social insurance premiums stayed the same and fewer young people are paying into the system. this past august noda convinced the main opposition liberal democratic party and its partner to back another tax hike. >> translator: i will stake my life and political career on passing this bill. >> reporter: lawmakers did approving bills that would double the consumption tax by 2015. still, many were opposed. opposition members sure but also many within the ruling party. mor
tax for years. a liberal democratic party government introduced the tax in 1989 of 3%. low compared to other developed countries. still then as now voters cried out. the liberal democratic government raised the sales tax to 5% in 1997. and it went down to defeat in the upper house election the following year. no surprise that successive prime ministers avoid any talk of increasing the tax. but they couldn't avoid the increasing cost of social security. japan spent more than $1.2 trillion on it...
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we can get a tax rebate up to about 3,000 u.s. dollars. >> translator: we'll buy an ecocar because it saves energy, it's not so expensive, and covered by the government's tax rebate program. >> reporter: japanese automakers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they are betting economic growth and prosperity will continue to rise across. asean as the prue group moves towards creating an economic community in 2015. >> translator: southeast asia's auto industry should enjoy 7% to 8% growth similar to china over the next four or five years. compared to other countries in the region, thailand is the leader in auto production and has the soundest supply chain. >> reporter: thailand's auto industry has a goal of producing 3 million cars a year within the next five years. even after the flux of 2011. the country remains in the driving seat of the fast-growing auto market. busaba sivasaboom, nhk world, bangkok. >> that wraps up our bulletin. i'm patchari raksawong in bangkok. >>
we can get a tax rebate up to about 3,000 u.s. dollars. >> translator: we'll buy an ecocar because it saves energy, it's not so expensive, and covered by the government's tax rebate program. >> reporter: japanese automakers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they are betting economic growth and prosperity will continue to rise across. asean as the prue group moves towards creating an economic community in 2015. >>...
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tax breaks were one point seven five and fuel subsidies point two four billion. profits were less than the tax breaks and subsidies anything that's given to the mining corporations so how much money is left over and. why develop the creation of an open pit mine and not prove the conditions for miners. it would come in because it's slow economically rimmel it's a question of cost it's a fantasy you're both. because you know what's happening. let's say we improve the conditions of small miners and they produce that one thousand two hundred dollars an ounce. when the prices fall it's all over. so they're like sleeping. in it once they see good mates when they attack. this happened but if they came to the gold towns to work saying they contribute to sustainable development they need and this sustainable development has destroyed towns and peoples i think the problem is we must talk to the people here we should have the direct presence of high level executives to be able to sort of baptize a kid one day so that we can say we love them look at you because our god made
tax breaks were one point seven five and fuel subsidies point two four billion. profits were less than the tax breaks and subsidies anything that's given to the mining corporations so how much money is left over and. why develop the creation of an open pit mine and not prove the conditions for miners. it would come in because it's slow economically rimmel it's a question of cost it's a fantasy you're both. because you know what's happening. let's say we improve the conditions of small miners...
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nothing else except for the co-counsel we tax the car towers who make a lot of money on this business but we won't tax the village folk who own but if you have does of coca bush's age that is what everyone wants to do in relation between coca and the guerrillas in other areas where they have different businesses who also larry are tags differently but the reality in colombia is such that every institution across the country is involved in drug trafficking so wherever we go collecting our tax now always local drug dealers and cartel members to be found and they will have to pay us a war acquires money just like a con needs an engine to run. earlier this year that it would no longer kidnap people but if you individuals are still held captive by us what are their prospects is their plan to have them released. logic of what i want we hold no captives. well it was some time ago there was an organization that used to claim that we're how did some three thousand people in captivity that was before last february when we announced we would stop taking captives due to economic reasons i mean th
nothing else except for the co-counsel we tax the car towers who make a lot of money on this business but we won't tax the village folk who own but if you have does of coca bush's age that is what everyone wants to do in relation between coca and the guerrillas in other areas where they have different businesses who also larry are tags differently but the reality in colombia is such that every institution across the country is involved in drug trafficking so wherever we go collecting our tax...
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a little the taxes they are talking about. no one likes to pay more taxes, but the effect on the market, the things that are being proposed would be overstated. i don't think a downgrading by the credit agencies is factored into people's thinking. so that part of it, if they do something that makes the credit agencies, all of them in unison downgrade as to something below, think about this, that is not a good thing. that disturbs the markets. lou: so and other smart people watched, the speaker off fumbled through his rhetoric to say how tough he is and how resolute the white house will be in all of this. the reaction is in the markets, if it goes another couple of weeks. >> people are saying we are all idiots. people who don't have anything to do with washington and we have to live in places where we are the safest. the debt market or the equities market, particularly the equities market. china, germany, the u.s. they can survive these crazy politicians. lou: tell important. what do you think we can expect? >> far less signifi
a little the taxes they are talking about. no one likes to pay more taxes, but the effect on the market, the things that are being proposed would be overstated. i don't think a downgrading by the credit agencies is factored into people's thinking. so that part of it, if they do something that makes the credit agencies, all of them in unison downgrade as to something below, think about this, that is not a good thing. that disturbs the markets. lou: so and other smart people watched, the speaker...
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Dec 3, 2012
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taxes. we reviewed the top 500 tax deadbeats and found professional, including doctors, lawyers and nurses hollywood celebrities including dionne warwick and topping the list with a $10 million tax bill is founder of san francisco-based cnet, tech pioneer halsey minor. we couldn't find him, but on main street in hayward. is there a reason you are not paying your personal income tax? we confronted another tax evader. you and your husband owe more than $500,000 state? >> no, we don't. >> reporter: that is what it says here. the franchise tax board says this couple living in this gated estate in clayton is way behind on their taxes. you are no. 2 29? >> stop. >> reporter: there is doctor deliano junior of walnut creek and he is not 1 on the list of corporate tax delinquents. we're just trying to ask him why he hasn't paid a $4.1 million tax bill? we were told that the doctor wouldn't see u-only patient. the state will continue to publicly shame continues and tax eraiders in the hopes getting th
taxes. we reviewed the top 500 tax deadbeats and found professional, including doctors, lawyers and nurses hollywood celebrities including dionne warwick and topping the list with a $10 million tax bill is founder of san francisco-based cnet, tech pioneer halsey minor. we couldn't find him, but on main street in hayward. is there a reason you are not paying your personal income tax? we confronted another tax evader. you and your husband owe more than $500,000 state? >> no, we don't....
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it turns out that the taxes, because of the bush tax cut, the federal taxes due on dividends are 15%. people think that is low. it turns out, that the company already paid tax on that money. whatever money we have, we pay tax on and that is already the shareholders money. we pay the corporate tax on that money which belongs to shareholders. but, okay, the tax used to be 36% got it used to be ordinary income under president george bush. we believe the tax in 2013 and beyond will go to 40% or more. instead of paying a 40% tax federally, they will only pay a 15% tax. liz: have you talked to the president, and if you have not, what would you say about this issue. i would say that he should know more about economics. after certain points, the government raises less money by increasing the tax rate. if the tax rate were 100%, liz, how much money would the government raise? 100% of zero because nobody would go to work if the government confiscated everything. at some point, if the taxes increases and it turns out most analysis, most economists agree that that rate is about 30%. up to 30%, th
it turns out that the taxes, because of the bush tax cut, the federal taxes due on dividends are 15%. people think that is low. it turns out, that the company already paid tax on that money. whatever money we have, we pay tax on and that is already the shareholders money. we pay the corporate tax on that money which belongs to shareholders. but, okay, the tax used to be 36% got it used to be ordinary income under president george bush. we believe the tax in 2013 and beyond will go to 40% or...
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Dec 3, 2012
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first taxes don't data. what about taxes. his take on the cliff hanger and why investors shouldn't worry about taxes. and dell trade or trap? goldman jumps on the band wagon. 2012 gold rush. why are americans stocking up on gold coins? is it another way to say diversify? we have to get straight to our top story and tonight that is will the cliff ruin christmas? the rhetoric cnbc has the latest including the white house response to the gop proposal. >> just within the past few minutes we have gotten the white house's response to the boehner counter proposal to the white house proposal last week. the white house doesn't like the proposal from bane kpp today. dan fifer saying the republican la letter does not meet the balance and sticks the middle class with the bill. clearly what we are seeing is a negotiation. the white house doesn't like what they have been presented and now the offers and counteroffers will continue to fly and will start to get a little more close to one another. neither one of these as they have been laid o
first taxes don't data. what about taxes. his take on the cliff hanger and why investors shouldn't worry about taxes. and dell trade or trap? goldman jumps on the band wagon. 2012 gold rush. why are americans stocking up on gold coins? is it another way to say diversify? we have to get straight to our top story and tonight that is will the cliff ruin christmas? the rhetoric cnbc has the latest including the white house response to the gop proposal. >> just within the past few minutes we...
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adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as republicans raising taxes. >> if congress does nothing, every family in america will see theiincome taxes automatically go up on january 1st. that is sort of like a lump of coal you get for christmas. >> congressional democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting ta cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so fa
adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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and dividend taxes are not a rich tax. nor a capital gains. you're talking about pension funds, 401(k) plans, invest in companies that pay dividends. if you're expecting a dividend tax to go from 15% to 44% that, completely removes the opportunity or the incentive to buy dividend paying companies. and that's going to hurt not just the rich. that's going to hurt everybody if we see that. that's very dangerous, and it would create a massive selloff. >> one of the things that the president has done, going to congress and said, going out and encouraging people to tweet and post on facebook my 2k, meaning the $2,000 they would get in the extended tax breaks for the middle class. but he is also meeting privately with ceos. he has a bad relationship with wall street and with corporate america generally. he has presented much of this plan. what's the feedback he's getting? >> there will be a big recession if you don't get behind him. i'm finding many republican ceos -- by the way, most ceos are republican. they are on board. they are not on board with
and dividend taxes are not a rich tax. nor a capital gains. you're talking about pension funds, 401(k) plans, invest in companies that pay dividends. if you're expecting a dividend tax to go from 15% to 44% that, completely removes the opportunity or the incentive to buy dividend paying companies. and that's going to hurt not just the rich. that's going to hurt everybody if we see that. that's very dangerous, and it would create a massive selloff. >> one of the things that the president...
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tax rates go up. >> boo. >> the payroll tax holiday goes away. unemployment benefits expire for most people and that is not even accounting for the layoffs. put it together, unless we get a deal, which won't be bad news for the single biggest consumer out there, retail. >> you would expect the whole retail cohort to be in trouble. things will get a whole lot worse. two weeks ago we got retail sales that showed a 3% decline. last friday's gdp indicated that it had decelerated to 1.4%. incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember, one of the reasons why i went back to ed. he is the guy who nailed it and
tax rates go up. >> boo. >> the payroll tax holiday goes away. unemployment benefits expire for most people and that is not even accounting for the layoffs. put it together, unless we get a deal, which won't be bad news for the single biggest consumer out there, retail. >> you would expect the whole retail cohort to be in trouble. things will get a whole lot worse. two weeks ago we got retail sales that showed a 3% decline. last friday's gdp indicated that it had decelerated...
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i pay all of my taxes as i can. and so that is all i have got to say. >> reporter: the san francisco attorney told us in a letter today that he is working with the franchise tax board to pay his bill. he is just one in a long list of californians on the hook for back taxes. we reviewed the top 500 tax beats and found respected professionals including other lawyers, doctors and nurses and hollywood celebrity and the top of the list is san francisco tech pierre halsey pioneer halsey minor. we confronted another tax evader. and your husband owe more than $500,000 to the state? >> no, we don't. >> reporter: the franchise tax board also says the couple living in this 2.5-acre gated estes is clinton is way behind on its taxes. >> you are no. 229. no. 229. then there is dr. de leon, jr. of walnut creek, no. 1 on the list of corporate tax delinquents. we're just asking why he didn't pay a $4.1 million tax bill? we were told the doctor wouldn't see us and only clients. missing money that could have a direct impact on everyth
i pay all of my taxes as i can. and so that is all i have got to say. >> reporter: the san francisco attorney told us in a letter today that he is working with the franchise tax board to pay his bill. he is just one in a long list of californians on the hook for back taxes. we reviewed the top 500 tax beats and found respected professionals including other lawyers, doctors and nurses and hollywood celebrity and the top of the list is san francisco tech pierre halsey pioneer halsey minor....
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Dec 8, 2012
12/12
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tax policy. the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. a typical middle-class family of four would get a $2,200 tax hike. that would be bad for families, it
tax policy. the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who...
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they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a huge oil and gas bill they're going to come from i think eighteen. plus the us senator received some tit for tat medicine from moscow in response to fit into slap a travel ban and russian thank you for breaching human rights that's another international story to show. a forty nine year old southern california man was thrown in prison and charged with possessing materials to make explosive device all because of his rather unusual wristwatch despite the bomb squad saying that his watch was not a weapon here rated custody for twenty four hours and was charged with the crime anyways a spokesman for the
they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a...
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Dec 10, 2012
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if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that the president won re-election, and he ran on the fact that he's going raise capital gains, these will what you call facts. meredith in california, meredith. >> caller: hi, sweet jim cramer, from devore, california, thank you so much for helping beginning investors like me. >> well, thank you, that's what this show is about, how can i help? >> my stock is ingersol rand, it's a security tech business and possible announcement of share buyback program and i would love to have your input. >> a lot of people thought it wasn't enough. i saw this when it came over, i think it was right before the ari
if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that...
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tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping nearly p 3% to settle at $32.81 an ounce. david: markets hopping, but the next trader says investor participation is shifting. in chicago, larry, the key question here is what happens when the market gets off its hind legs and moves? move up or down? >> it all depen
tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near...
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they are flattening the tax rates. they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should work on that. >>> we got to take a break. lots more roundtable. >>> why did the tea party star quit the senate. what does it mean for the gop? >>> what's next for hillary? twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. that retiring some day is even an option for sean and me. how'd you get comfortable enough to know you could really do it? well, planning, of course. and we got a lot o
they are flattening the tax rates. they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should work on that. >>> we got to take a break. lots more roundtable. >>> why did the tea party star quit the senate. what does it mean for the gop? >>> what's next...
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tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that will cost many more in the estate tax. many prefer the tax is abolished. obama wants a 45% rate and $3.5 million cutoff. that's midway between today's rates and the old rate. now the problem is even some democrats are siding with republicans. they say they want to keep the current rates. so all sides here remain very far apart. this matters because wealthy families need to rewrite their wills, their charity plans. and for the country there are hundreds of billions of dollars of taxes at stake. it's also a hugely symbolic tax. the left says these estate taxes are important to curb family dynasties. and they also cal
tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that will cost many more in the estate tax. many prefer the tax is abolished. obama wants a 45% rate and $3.5...
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ahead of that, google used tax havens to escape $2 billion in taxes worldwide. the catch here is it's not illegal. why all the fuss? after the break we'll decide if this is a good move for google and you the investor. >>> plus are smart phone apps invading privacy? the government is investigating that charge. we'll have the story. then we'll bring you the latest on the quest to save the twinkie. and what about the ding dong? just as important, right? all coming up. >> what's up, seth? >> thank you for coming ding dong. >> wow. you know my name now. i mean, with all this twinkie talk, i thought everybody had forgotten about me. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-3
ahead of that, google used tax havens to escape $2 billion in taxes worldwide. the catch here is it's not illegal. why all the fuss? after the break we'll decide if this is a good move for google and you the investor. >>> plus are smart phone apps invading privacy? the government is investigating that charge. we'll have the story. then we'll bring you the latest on the quest to save the twinkie. and what about the ding dong? just as important, right? all coming up. >> what's up,...
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the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker boehner in a closed door session over the weekend. yesterday in fact. trying to hammer out a deal. we hope you watch the redskins win over the ravens there in the last minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk
the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker...
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raise the tax rate for the rich? that's at the top of the list but besides this and getting a deal done on time, what would really stuff the president's stocking, giving him a fresh start for his second term. shopping days, what would it take to make everyone happy or equally unhappy? a cut in government spending, a squeeze on medicare and medicaid. anything else? and finally hillary, clintons, both of them, global figures abroad, political superstars at home. to become in the four years, does she just have to wait? would anyone challenge her for the prize? could a hot new republican give her trouble, or cause her not to run? i'm chris matthews, welcome to the show. with us today, john harris, kelly o'donnell, michelle caruso-cabrera and david ignatius with "the washington post." first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the preside
raise the tax rate for the rich? that's at the top of the list but besides this and getting a deal done on time, what would really stuff the president's stocking, giving him a fresh start for his second term. shopping days, what would it take to make everyone happy or equally unhappy? a cut in government spending, a squeeze on medicare and medicaid. anything else? and finally hillary, clintons, both of them, global figures abroad, political superstars at home. to become in the four years, does...
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Dec 9, 2012
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all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend
all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have...
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you, don't tax me coming and you will find that out. estimate on the second piece and then on the second piece. the first piece, the danger with putting the goals in the savings and cuttings and taxes in its regular order i'm afraid the regular order won't produce the results. to build another fiscal what on pressure which puts us right back where we are or have a default mechanism which the policy set aside that was sides don't like about media is a lot of bad alternatives for both. it's important for people to understand in the current lull this is a fact. if the converse packed its bags right now and went away at the end of the tenure period the deficit to gdp ratio would be under 1%. succumbing you would solve the deficit problem. estimate under 1%? the percentage of your debt as the deficit to the gdp. the deficit to gdp. a deficit to gdp. now, we don't want to get there that we. the same way we don't want to go over the fiscal cliff. in other words, the fiscal cliff is a big austerity. we get $7 trillion in the deficit reduction o
you, don't tax me coming and you will find that out. estimate on the second piece and then on the second piece. the first piece, the danger with putting the goals in the savings and cuttings and taxes in its regular order i'm afraid the regular order won't produce the results. to build another fiscal what on pressure which puts us right back where we are or have a default mechanism which the policy set aside that was sides don't like about media is a lot of bad alternatives for both. it's...
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oracle is among the latest corporations trying to beat the clock on next year's expected tax increase. oracle's board has approved accelerated dividend payments for the second, third and 4th quarters of next year. nhl owners and players plan to meet today in a renewed effort to move the puck on labor talks. let's see what's going on with the market today with matt shapiro, president of mws capital. good morning to you. > > good morning angie. > this is certainly one moody market. it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china.
oracle is among the latest corporations trying to beat the clock on next year's expected tax increase. oracle's board has approved accelerated dividend payments for the second, third and 4th quarters of next year. nhl owners and players plan to meet today in a renewed effort to move the puck on labor talks. let's see what's going on with the market today with matt shapiro, president of mws capital. good morning to you. > > good morning angie. > this is certainly one moody market. it...
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this top 2% which otherwise gets a tax cut, it continues a tax cut in the middle income tax extension. this is a moment of truth. the clock is ticking, christmas is coming, the goose is getting fat but in many homes across america it is a very, very lean time. the facts are though very important to reiterate. democrats have already agreed in the budget control act and other cuts in this congress to 1.6 trillion dollars in cuts, in spending cuts. we've already agreed in the affordable care act and in the president's budget to over a trillion dollars in savings to medicare without doing any harm to beneficiaries and extended the life of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle i
this top 2% which otherwise gets a tax cut, it continues a tax cut in the middle income tax extension. this is a moment of truth. the clock is ticking, christmas is coming, the goose is getting fat but in many homes across america it is a very, very lean time. the facts are though very important to reiterate. democrats have already agreed in the budget control act and other cuts in this congress to 1.6 trillion dollars in cuts, in spending cuts. we've already agreed in the affordable care act...